... at least with respect to me and my collection insurance. It seems all the shuffling is behind the scenes and at a higher level. Sort of an upper level reorganizing. The US Gov't does something like this every once in a while. As the customer it will still apparently look like Hugh Wood to me. But the bottom line will be -- how will my yearly rate be affected? I would expect a increase; the rate has always gone up slightly each year. Will this change still only be "slightly"? Anyone else get a notification?
I just restarted my ins as i had sold off most of real value and let it lapse. Now that I building back up I put it back in place cost me about double what I was paying 8yrs ago...
OP, thanks for posting, this happens to be a very timely subject for me right now as I am searching for coin insurance. My homeowners policy (State Farm) only covers $250 and my agent told me this week that a separate policy to cover 30K in coins would be $380 per year. Is this high, or about right in comparison to companies such as Hugh Wood, Towne, and others? Also, how do the other insurance companies rate against Hugh Wood?
Way back when I decided to get insurance I found out that homeowner insurance would cost about 3x of what Hugh Wood charges. I highly recommend not adding coverage to your homeowner insurance. I don't know of any other company that specializes in coin coverage.
